Chrysler posts redord profit of $1 billion: earnings exceed forecasts as a number of factors offset incentive costs

Article Abstract:

Chrysler Corp. reported record second-quarter earnings of $1 billion, exceeding Wall Street's expectations. A rich mix of new vehicles offset the effect of participating in the auto industries discounting wars. Some Wall street experts have now raised their expectations for Chrysler for the rest of the year. Chrysler's chief financial officer, GAry C. Valade, said that preparations for the merger with Daimler-Benz AG are ahead of schedule.

Comment:

Reported record second-quarter earnings of $1 billion, exceeding Wall Street's expectations

Company Planning/Goals, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Chrysler Corp., Article

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AT&T net climbs 41%, beats forecasts; revenue growth is steady as investments in cable, wireless start paying off

Article Abstract:

AT&T reported earnings of $1.59 bil, the first quarter that included earnings from Tele-Communications Inc. In the same quarter for 1998, the company earned $1.13 bil. Wireless services revenues were up 42%. Total revenue was $15.69 bil, up 19% from $13.21 bil in 1998, but which only includes AT&T revenue.

Telecommunications, Telephone Communication, Finance, Telecommunications services industry, Telecommunications industry, AT&T Corp., T

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